605 S Saltwell StSalinaOK74365
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Salina at 605 S Saltwell St, Salina, OK, 74365 priced at $298,000 pairs $1,909/mo rent with $5/mo cash flow after a $1,459/mo payment. Total monthly income equals $1,909/mo, and annual cash flow comes to $66/yr on $98,787 invested. Return on cash invested is 19.98% in year one, and rental yield stands at 7.69% on a $298,000 basis. Equity gained on principal adds $1,923/yr, and 5% annual appreciation accumulates to $82,332 by year five. Five-year ROI measures 103.49% and total cumulative return in cash reaches $102,236. For financing, Ziffy Mortgage’s DSCR program evaluates $1,909/mo property income against a $1,459/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74365, Salina, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,959 (100%) |
| Owner Occupied HU | 1,138 (58.1%) |
| Renter Occupied HU | 385 (19.7%) |
| Vacant Housing Units | 436 (22.3%) |
| Median Home Value | $177,976 |
| Average Home Value | $221,907 |
Housing Distribution
Address Breakdown
Residential
1,276
Single Family
1,276
Multi-Family
0
Businesses
73
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